Summary: H.R.1907 — 104th Congress (1995-1996)All Information (Except Text)

There is one summary for H.R.1907. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/21/1995)

Federal-aid Facility Privatization Act of 1995 - Requires executive agency heads to: (1) assist State and local governments in privatization efforts regarding federally financed infrastructure assets needed for a functioning economy; and (2) approve governmental asset privatization requests and waive or modify any grant assurance in accordance with specified criteria. Lists among such infrastructure assets roads, bridges, electricity supply facilities, airports, water supply and delivery facilities, recycling and wastewater treatment facilities, housing, schools, prisons, and hospitals, as well as other specified facilities.

Declares that no State or local government shall be obligated to repay Federal grant monies received in connection with assets being privatized.

Authorizes State and local governments to: (1) use asset privatization proceeds as permitted under grant assurances; and (2) recover capital investment, an amount equal to unreimbursed asset operating expenses in any infrastructure asset, and a reasonable rate of return.